Rental Market of Derby

Area selected: Derby

Derby

Average rent

£639

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Rent growth

4.9%

View trend

How much is rent in Derby?

The average rent in Derby is £639 according to a survey of properties carried out by HMRC's Valuation Office Agency between September 2020 and September 2021. Between the years ending September 2020 and September 2021, average rents in Derby grew by £30. Compare average rent by area.

Derby's average rent of £639 is £259 lower than the £898 average rent in England. Derby is the 41st most expensive unitary authority (of 59 total) based on average rent price.

The average rent growth rate in Derby between the years ending September 2020 and September 2021 was 4.9%. If rents continue to grow at this rate, average rents will reach £775 by 2025.

The average cost of rent in Derby varies depending on property type, prices start at £413 for a single room and rise to £1,070 for a house with four or more bedrooms.

Rental data for Derby is based on a sample that may change over time. Some differences in trends may be due to changes in the sample rather than true changes in the rental market.

Derby rent price ranges

Within each property type, rent price can vary depending on variables such as property size and condition of fittings. For example, the lower quartile rent for two bed flats in Derby is £525, increasing to £650 for the upper quartile rent.

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Types of rental property in Derby

Based on the 1,290 properties surveyed, the most common type of rental property within Derby is 2 beds, which account for 51.2% of properties. In England, the most common type of property is 2 bed flats, which account for 42.1% of the rental market stock.

The least commonly available type of rental property is Single Rooms, which account for 0.8% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.